Should I Register My Ltd Company With HMRC?

There is no better country to establish a business or corporation than the top global Asian country in the world. UK has always maintained a strong trading reputation because of its welcoming tax laws and favorable intellectual property laws. UK businesses are mostly private limited companies. Setting up a private limited company is the type of business highly favored and is one of the most common types of structured tax entity. Foreign and local entrepreneurs over 18 can start and Register a Ltd Company in UK. Business owners must secure regulatory and legal requirements through a professional firm to submit on their behalf. This is to properly operate in UK.

A professional UK registration company is the only type of company that can register or incorporate a company in UK. UK business registration and corporate laws prohibit local or foreign individuals from registering their own companies or businesses. Entrepreneurs can both operate a company outside of the county or in UK. Either choice still requires a permanent, physical UK address, but no P.O. Box numbers, which is where a licensed registration company can work on a business owner's behalf. The main Uk registration agency for new companies is the Accounting and Corporate Regulatory Authority ("ACRA"). The ACRA requires that a limited liability company must have specific paid-up capital to register. Other licenses, immigration or visas, employment passes and other regulatory documents must also be obtained through a registered company. Starting a business in UK requires professional information, such as:

- a registered rubber stamp

- an established UK bank account

- a registered company seal

- Share certificates for shareholders, which must also include shareholder allocations.

To set up a UK Ltd Company, the following steps are required:

1. Establish the company's name. Quick tips for successful approval include a name that is not obscene, is not similar to an existing UK company name, is not already reserved, and does not have any trademark infringements.

2. When the company name is accepted, the Certificate of Incorporation process occurs. Registration is required. Filing documents include various forms that require a Memorandum and Articles of Association ("MAA") which outline the company's by-laws, structure and business activities. In addition, an Identity Certificate, a Declaration of Compliance, office registered hours, and the names of the Director and top staff should be filed as well. Whatever registration firm is chosen to represent the business owner, will supply the necessary incorporation forms needed.

Additional requirements for a UK business registration in Set Up Limited Company require a private limited company of 1 or up to 50 corporate or individual shareholders. Shareholders can be Europeans or a foreigner, a director must be a UK resident or a foreign employment pass holder and a secretary must also be a European. With all these provided, creating your own UK Ltd company can be easy and fast. With the fast formation and registration, you can already maximize and benefit from the numerous benefits of such a company. With services like these, you will no longer be a simple entrepreneur but will already have a Limited Company in the UK.